Home » Posts tagged "goods and service tax"

34th GST Council meeting’s extract on Real Estate Sector

34th GST Council meeting held on 19th March, 2019 at New Delhi discussed the operational details for implementation of the recommendations made by the council in its 33rd meeting for lower effective GST rate of 1% in case of affordable houses and 5% on construction of houses...

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AAR on sale of going business is supply of goods or service or goods and services?

Authority for Advance Ruling (AAR) decision on lump sum amount received on transfer of going business along with assets-liabilities is a supply of Services   Facts: Rajashri Foods Pvt. Ltd. (Applicant), The Applicant having three manufacturing units situated at Ramanagara, Hiriyur and Seshadripuram. The Applicant...

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GST Advance Ruling on Registration of Transport Services Provider

Advance Ruling

Facts:The applicant ” M/s K M Trans Logistics Pvt Ltd.” is a service provider having registered office at Jaipur and providing transport services to various manufactures of motor vehicles for carrying their vehicles from the factory to various cities in India where the authorized dealers...

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Due dates of FORM GSTR-1 for the months of April, May and June, 2019

Central Tax Notifications 12/2019-Central Tax ,dt. 07-03-2019 Seeks to prescribe the due dates for furnishing of FORM GSTR-1 for those taxpayers with aggregate turnover of more than Rs. 1.5 crores for the months of April, May and June, 2019. In exercise of the powers conferred...

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Extension of threshold limit of aggregate turnover for Composition Scheme

Central Tax Notifications 14/2019-Central Tax ,dt. 07-03-2019 Seeks to supersede notification No. 08/2017 – Central Tax dated 27.06.2017 in order to extend the limit of threshold of aggregate turnover for availing Composition Scheme u/s 10 of the CGST Act, 2017 to Rs. 1.5 crores. G.S.R....

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Due dates of FORM GSTR-1 for turnover upto Rs. 1.5 crores

Central Tax Notifications 11/2019-Central Tax ,dt. 07-03-2019 Seeks to prescribe the due dates for furnishing of FORM GSTR-1 for those taxpayers with aggregate turnover upto Rs. 1.5 crores for the months of April, May and June, 2019. In exercise of the powers conferred by section...

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Due dates of FORM GSTR-3B for the months of April, May and June, 2019

Central Tax Notifications 13/2019-Central Tax ,dt. 07-03-2019 Seeks to prescribe the due dates for furnishing of FORM GSTR-3B for the months of April, May and June, 2019. In exercise of the powers conferred by section 168 of the Central Goods and Services Tax Act, 2017...

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Provision related to Refund under GST Law

There are certain situations under which you can claim refund under GST law.  Due to zero rates on Export, and inverted tax on certain supply, i.e. inward supply is taxed more than outward supply.  As per section 54(1) of CGST Act, 2017 Application for refund...

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Transitional provisions-Part-III under CGST Ac

Transitional provisions-Part-III

In my previous articles “Transitional provisions under Central Goods and Services Tax Bill (Act)-Part-I” And “Job-Work and Transition: CGST Act” Part-II I have tried to analyzed the transition provisions relating to -Transitional arrangements for input tax credit. -Section 140 Transitional provisions relating to job work-...

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Branch transfers or business verticals as per the GST Bill

As per clause 2 of Schedule I of the CGST Act Supply of goods or services or both between distinct persons as specified in section 25, when made in the course or furtherance of business will be treated as supply even if made without consideration....

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